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Alpha India LE - Late Economic Top Performers: ONGC and Bharat Petroleum
Orpheus Capitals, Feb 2011, Pages: 3
Both structures look like ongoing minor complex correctives down. Both Jiseki cycles turned negative as prices reversed and pushed lower. The structures are still negative and suggest another potential push lower till previous intermediate lows and key Fibonacci projection levels: 250 in the case of ONGC and psychological 500 in the case of Bharat Petroleum.
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